A Guide to Remodeling Without Spending a Fortune

Remodeling Budget

If you’re like most homeowners, there are things about your house you would love to change or update, but you aren’t sure if you have the money to do so. While renovations can be quite costly, there are ways to remodel your home without breaking the bank. In this guide, you will see several suggestions that will help you create the home you’ve always wanted while staying within the budget you’ve set for your household.

Make cosmetic changes that have a major impact

One way to dramatically alter the appearance of your house without spending a fortune is to focus on cosmetic changes that will have a major visual impact. Changing the hardware on interior doors, kitchen cabinets, and bathroom vanities is an easy, inexpensive way to alter the style of a space, for instance, totally. Another idea is to paint your kitchen cabinets. While this requires some elbow grease and effort, the payoff will absolutely be worthwhile; you’ll feel like you have a brand new kitchen!

Giving your walls a fresh coat of paint is another excellent idea, especially if you didn’t do any painting when you moved into your current residence. Up-to-date paint colors that work cohesively with one another can go a long way toward making a house into a dream home. Although paint isn’t expensive in the grand scheme of things, it can be time-consuming to paint every room, so make sure you know exactly what you want before you get started!

Consider your return-on-investment

This point is especially important for those who are intending to sell their homes soon. Before you start any renovation, even a relatively inexpensive one, you should take the overall return-on-investment into consideration. Bathroom and kitchen remodeling projects, for example, have some of the highest ROIs, with many homeowners recouping upwards of 80% of their original expenditures. Another project with an excellent ROI is ripping out wall-to-wall carpeting in favor of hardwood flooring. Today’s prospective homeowners want wood and aren’t likely to consider houses with too much carpet.

Have a strategic plan

Another way to save money on home renovations is to prepare for your projects before you get started strategically. If, for example, you know you have the skills to do some jobs yourself, tackle them first because they are likely to cost the least. You should also spend some time scouring second-hand stores for great finds; sometimes beautiful bathroom fixtures, including popular standalone slipper tubs, countertops, and even cabinetry can be found for a fraction of its retail price.

Remodeling is simultaneously exciting and stressful, but if you follow these tips, your budget should not become a major issue. Depending on how long you plan to keep living in your home, remember to focus on things that will either improve your life on a daily basis, or make your house easier to sell. Furthermore, if you’re going to be hiring a contractor to complete any of your interior renovation projects, do plenty of research and make sure you pick someone who is trusted by people in your area of the Carolinas.

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